Woodmont Investment Counsel LLC Sells 401 Shares of Sysco Co. (NYSE:SYY)

Woodmont Investment Counsel LLC lessened its stake in shares of Sysco Co. (NYSE:SYY) by 6.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,400 shares of the company’s stock after selling 401 shares during the period. Woodmont Investment Counsel LLC’s holdings in Sysco were worth $413,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Angeles Investment Advisors LLC boosted its position in Sysco by 6.0% in the fourth quarter. Angeles Investment Advisors LLC now owns 5,789 shares of the company’s stock valued at $443,000 after buying an additional 329 shares in the last quarter. Congress Wealth Management LLC DE raised its stake in Sysco by 7.3% during the fourth quarter. Congress Wealth Management LLC DE now owns 12,021 shares of the company’s stock worth $866,000 after buying an additional 813 shares during the last quarter. Crowley Wealth Management Inc. bought a new stake in shares of Sysco during the 4th quarter valued at about $61,000. Vanguard Group Inc. boosted its holdings in shares of Sysco by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 61,519,424 shares of the company’s stock worth $4,703,775,000 after buying an additional 429,711 shares in the last quarter. Finally, Napatree Capital LLC grew its holdings in Sysco by 25.5% in the fourth quarter. Napatree Capital LLC now owns 4,222 shares of the company’s stock worth $323,000 after purchasing an additional 859 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Stock Up 0.4 %

Shares of SYY opened at $71.42 on Tuesday. The firm has a market cap of $34.94 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.88 and a beta of 1.11. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.33. The stock has a 50 day simple moving average of $73.05 and a two-hundred day simple moving average of $75.26. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.20 and a quick ratio of 0.68.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 28th. The company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter last year, the company posted $0.89 EPS. On average, analysts forecast that Sysco Co. will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, April 4th. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Insider Activity at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value of $3,698,079.00. Following the transaction, the executive vice president now directly owns 56,304 shares of the company’s stock, valued at $4,335,408. The trade was a 46.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on SYY shares. UBS Group decreased their price target on shares of Sysco from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective on shares of Sysco from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Melius Research raised shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Melius initiated coverage on Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price target for the company. Finally, Jefferies Financial Group upped their target price on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.77.

Sysco Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.